Cibc World Markets Corp buys $56.1 Million stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Cibc World Markets Corp scooped up 819,689 additional shares in Wal-Mart Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 864,000 shares of Wal-Mart Stores which is valued at $56.1 Million.Wal-Mart Stores makes up approximately 1.88% of Cibc World Markets Corp’s portfolio.

Other Hedge Funds, Including , Midwest Investment Management boosted its stake in WMT in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 13,350 shares of Wal-Mart Stores which is valued at $866,949. Wal-Mart Stores makes up approx 0.70% of Midwest Investment Management’s portfolio.First National Trust Co boosted its stake in WMT in the latest quarter, The investment management firm added 540 additional shares and now holds a total of 89,857 shares of Wal-Mart Stores which is valued at $5.8 Million. Wal-Mart Stores makes up approx 0.90% of First National Trust Co’s portfolio.Numeric Investors reduced its stake in WMT by selling 611,000 shares or 40.97% in the most recent quarter. The Hedge Fund company now holds 880,400 shares of WMT which is valued at $60.1 Million. Wal-Mart Stores makes up approx 0.65% of Numeric Investors’s portfolio.Banque Pictet Cie Sa boosted its stake in WMT in the latest quarter, The investment management firm added 21,000 additional shares and now holds a total of 28,344 shares of Wal-Mart Stores which is valued at $1.9 Million. Wal-Mart Stores makes up approx 0.05% of Banque Pictet Cie Sa’s portfolio.Flossbach Von Storch Ag reduced its stake in WMT by selling 25,320 shares or 48.86% in the most recent quarter. The Hedge Fund company now holds 26,500 shares of WMT which is valued at $1.8 Million. Wal-Mart Stores makes up approx 0.03% of Flossbach Von Storch Ag’s portfolio.

Wal-Mart Stores opened for trading at $69.33 and hit $70.14 on the upside on Friday, eventually ending the session at $69.86, with a gain of 0.95% or 0.66 points. The heightened volatility saw the trading volume jump to 1,67,46,603 shares. Company has a market cap of $219,663 M.

On the company’s financial health, Wal-Mart Stores reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.88. The company had revenue of $114986.00 million for the quarter, compared to analysts expectations of $112675.79 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Wal-Mart Stores. Company shares were Reiterated by Telsey Advisory Group on May 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 71 from a previous price target of $65 .Company shares were Reiterated by RBC Capital Mkts on May 20, 2016 to “Underperform”, Firm has raised the Price Target to $ 69 from a previous price target of $66 .Company shares were Reiterated by Nomura on May 20, 2016 to “Buy”, Firm has raised the Price Target to $ 81 from a previous price target of $70 .

Wal-Mart Stores Inc. is engaged in the operation of retail wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company’s operations are conducted in three segments: Walmart U.S. Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States Washington D.C. and Puerto Rico with three primary store formats as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail wholesale and other. The Sam’s Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico as well as digital retail.

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